503 Capital Partners (“503 Capital Partners” or the “Advisor”) is a registered investment advisor with the U.S. Securities and Exchange Commission (“SEC”). The Advisor is organized as an LLC under the laws of the State of Delaware. 503 Capital Partners is owned and operated by Gary Henson (Chief Compliance Officer). This Disclosure Brochure provides information regarding the qualifications, business practices, and the advisory services provided by 503 Capital Partners. 503 Capital Partners is a newly established advisor. Assets under management shall be reported with the Advisor’s next filing of this Disclosure Brochure. Clients and Investors may request more current information at any time by contacting the Advisor. Separately Managed Accounts 503 Capital Partners provides customized investment advisory solutions for its high net worth and registered investment advisory clients (herein “Clients”). This is achieved through continuous personal Client contact and interaction while providing discretionary investment management and related advisory services. The Advisor works closely with each Client to identify their investment goals and objectives in order to create a portfolio strategy. 503 Capital Partners will then construct an investment portfolio, consisting primarily of directly originated private credit securities to achieve the Client’s investment goals. The Advisor may retain certain types of investments based on a Client’s legacy investments based on portfolio fit and/or tax considerations. Each Client will have the opportunity to place reasonable restrictions on the types of investments to be held in their respective portfolio, subject to acceptance by the Advisor. 503 Capital Partners’ investment strategies are primarily long-term focused, but the Advisor may buy, sell or re- allocate positions that have been held for less than one year to meet the objectives of the Client or due to market conditions. The Advisor will construct, implement and monitor the portfolio to ensure it meets the goals, objectives, circumstances, and risk tolerance agreed to by the Client. 503 Capital Partners evaluates and selects investments for inclusion in Client portfolios only after applying its internal due diligence process. 503 Capital Partners may

recommend selling positions for reasons that include, but are not limited to, harvesting capital gains or losses, business or sector risk exposure to a specific security or class of securities, overvaluation or overweighting of the position[s] in the portfolio, change in risk tolerance of the Client, generating cash to meet Client needs, or any risk deemed unacceptable for the Client’s risk tolerance. Private Funds The Advisor provides portfolio management services to pooled investment vehicles (each a “Private Fund” and collectively the “Private Funds”), in which an affiliate under common ownership and control may serve as the general partner (“General Partner”). The Private Funds typically make investments in private credit assets, principally (“Private Credit Securities”). These services are detailed in the offering documents for each Private Fund, which include as applicable, operating agreements, private placement memorandum and/or term sheets, subscription agreements, separate disclosure documents, and all amendments thereto (“Offering Documents”). The Advisor manages each Private Fund based on the investment objectives, policies and guidelines as set forth in the respective Offering Documents and not in accordance with the individual needs or objectives of any particular investor therein (herein “Investors”). Each prospective Investor interested in investing in a Private Fund is required to complete a subscription agreement in which the prospective Investor attests as to whether or not they meet the qualifications to invest in the Private Fund and further acknowledges and accepts the various risk factors associated with such an investment. In general, Investors in the Private Funds are not permitted to impose restrictions or limitations. However, the Advisor may enter into side letter agreements with one or more Investors that may alter, modify, or change the terms of interest held by Investors. Certain types of side letters create a conflict of interest among the Advisor and Investors, and/or between Investors themselves. Page 5 For more detailed information on investment objectives, policies, and guidelines, please refer to the respective Private Fund’s Offering Documents.